Finance
Explore the latest finance news by Business Desk.
Listed Companies
UDC turns in a solid first half for ANZ
By Pattrick Smellie June 28 (BusinessDesk) - Specialist commercial lender UDC Finance increased first-half net profit 6 percent but sees slower growth in lending in the period ahead as the economy cools. Net profit climbed to $34.7 million for the six months to March 31, f...
Infrastructure
Gabs's last hurrah - Makhlouf apologises, agrees he erred
By Pattrick Smellie June 27 (BusinessDesk) - The departing secretary to the Treasury, Gabriel 'Gabs' Makhlouf has issued an apology for his department's lax website security and agreed that he got it wrong in describing the resulting breach of Budget security as a case of bein...
Infrastructure
FMA says NZX market surveillance has improved
By Rebecca Howard June 27 (BusinessDesk) - Stock exchange operator NZX has made positive changes to its market surveillance since concerns were raised a year ago, the Financial Markets Authority's latest annual review found. "This year’s review acknowledges the positive ch...
Policy
UPDATE: Makhlouf in denial, no resignation offer
(Updates with detail throughout) By Pattrick Smellie June 27 (BusinessDesk) - Public sector chief executives should offer to resign in the case of "major failings", but there was no such offer from Treasury secretary Gabriel Makhlouf over the Treasury website security laps...
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